Meaning of the word "mark up" in English
What does "mark up" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.
mark up
US /ˈmɑːrk ʌp/
UK /ˈmɑːk ʌp/
Phrasal Verb
1.
to increase the price of something for sale
Example:
•
The store decided to mark up their prices due to increased demand.
•
They always mark up their products by at least 50%.
2.
to add notes or corrections to a piece of writing
Example:
•
The editor will mark up the manuscript with suggested changes.
•
Please mark up any errors you find in the document.
Noun
the amount added to the cost price of goods to cover overheads and profit
Example:
•
The company operates on a small markup to remain competitive.
•
A 20% markup is standard in this industry.
Related Word: